Tag Archives: stocks

Working on different Chart time frames?

 

When working with a charting software or web based data feed, it is important to know what timeframes are the best to work with. Depending on your trading strategy, different timeframes offers different results. For example, if you specialize on turbo trades, you’ll want to concentrate on 1 minute and 5 minute charts, anything higher will be defective to your strategy. Likewise, using 1minute chart for hourly expiries is also dangerous. You’ll need to find a balance between the timeframes and your desired expiries.

A good clue into knowing what chart timeframe will work best for you is by testing and comparing the results. This might be time consuming but it’s worth it. To make the process easier, you just need to be open minded and ready to accept the facts about your strategy and the best timeframe they seem to work on. All this, keeping in mind your targeted expiries.

Choosing the right currency pair?

 

In the financial markets, currency pairs tend to behave differently from one another. Some are highly volatile for example the GBP pairs and some generally slow and with low volume, like the NZD pairs. What currency pairs are the best in binary options trading? The answer is they are all great, depending on the strategy, you can make profit on any given pair in the markets. The most popular currency pairs are the EURUSD, GBPUSD , USDJPY and AUDUSD. These are the most traded pairs in binary options.

If your trading strategy is a reversal based strategy, slow moving pairs will be more profitable, and for trend following based strategy, volatile pairs will give you the best results.